China ready to make a mark



BEIJING // Opening ceremonies often reveal the soul of a nation and organisers hope their extravaganza will silence critics who say Communist China should never have been awarded the biggest sports event in history. An array of state leaders, including US President George Bush, will join 91,000 spectators in the colossal Bird's Nest stadium for the three and half-hour show that marks the culmination of a decade of lobbying, construction and controversy.

"My heart is bursting with excitement about the Games," said Zhu Shengqiang, a 22-year-old student walking through the vast Tiananmen Square with his girlfriend. "I want people to see what is special about China. We must do something a bit different from the other Olympics." The organisers say 15,000 performers and 29,000 firework shells should get the Games off to a bang with the renowned film director Zhang Yimou handed the Herculean task of condensing 5,000 years of Chinese history into one evening.

China wants the Olympics to underscore its new-found strength as the world's fourth largest economy and has spent a record $43 billion (Dh158bn) on preparations, sweeping thousands of people out of their homes to make way for state-of-the art stadiums. The slogan "One World, One Dream" adorns the smog-filled streets of the booming metropolis and the Chinese are glowing with pride as their country takes centre stage after generations of isolation and poverty.

"I hope the Games will change perceptions about China," said Jiang Chaoyi, 23, who studies international trade in Beijing. "We want to show the world why we are different and I hope the opening show has a lot about ancient Chinese culture because that is the root of our difference," he added, walking in to a city centre scrubbed clean for the Games. Specially invited audiences have been given a sneak preview of the pageant, but organisers have let nothing slip about how the Olympic flame will be lit.

Like much of the Olympics, the opening ceremony has been ensnared in politics with the Hollywood director Steven Spielberg quitting as an adviser earlier this year to protest at China's close ties with Sudan and failure to halt killings in Darfur. And the Olympic torch, criss-crossing the world as it made its way to the Bird's Nest, was ambushed by protesters denouncing China's suppression of an uprising in Tibet in March and the country's human rights record.

Such protests are highly unlikely today thanks to the tens of thousands of police and soldiers patrolling Beijing. The biggest threat probably comes from the weather. Storms regularly batter the Chinese capital in August and a downpour could wreak havoc in the open-air stadium but will not spoil the planned firework's display, experts say. Leaving nothing to chance, the ceremony will start at eight o'clock on the eighth day of the eighth month of 2008. Eight is a lucky number in China.

The sporting action gets into top gear tomorrow with competition underway in 18 disciplines, including swimming and gymnastics, and seven gold medals up for grabs. This burst of action means many of the 10,500 competitors may decide to skip the traditional athletes' parade at the opening ceremony to make sure they are on form for their events. * Reuters

Company%20Profile
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Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

Women%E2%80%99s%20Asia%20Cup
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Company%20profile
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COMPANY%20PROFILE%20
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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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MATCH INFO

Uefa Champioons League semi-final, first leg:

Liverpool 5
Salah (35', 45 1'), Mane (56'), Firmino (61', 68')

Roma 2
Dzeko (81'), Perotti (85' pen)

Second leg: May 2, Stadio Olimpico, Rome

Why your domicile status is important

Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.

Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born. 

UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.

A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Batti Gul Meter Chalu

Producers: KRTI Productions, T-Series
Director: Sree Narayan Singh
Cast: Shahid Kapoor, Shraddha Kapoor, Divyenndu Sharma, Yami Gautam
Rating: 2/5

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The%20specs
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Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital

Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

'My Son'

Director: Christian Carion

Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis

Rating: 2/5

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
What drives subscription retailing?

Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.

The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.

The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.

The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.

UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.

That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.

Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.

COMPANY%20PROFILE
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The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

Thank You for Banking with Us

Director: Laila Abbas

Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum

Rating: 4/5


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